Agency attorney Mike McKenna testifies Tuesday at congressional hearing on regulatory red tape.
Calling the proposed rule's $50M complexity threshold arbitrary, CUNA says credit unions of that size are small and probably simple.
Agency corrects Federal Registry entry to show 9.9 million hours spent annually by credit unions in compliance effort.
Lew, former OMB director, currently is White House Chief of Staff and would succeed Timothy Geithner.
An Office of Personnel Management annual survey revealed a drop in federal employee job satisfaction. However, that is not the case at the NCUA.
Office of Personnel Management annual survey revealed a drop in federal employee job satisfaction, but not at the NCUA.
Bill would require NCUA and others to first gain approval from OMB before issuing new regulations.
The rule, which takes effect Sept. 30, will apply to credit reporting agencies with annual receipts of more than $7 million.
OMB Director Jack Lew to take over.
The NCUA said last week that it plans to withdraw a request to extend its program for the monthly collection of financial performance and executive compensation data for large Region 3 federally insured credit unions.